Although the Parliament supported the Government proposal in respect of the amendment to the Income Tax Act (for detailed information see September Czech News), discussions regarding this amendment are expected to be completed only during the second part of November 1996.
In addition to the changes mentioned last month, according to the Amendment, the foreign expert relief should be reduced from the current 25% to 20% in 1997.
The content of this article is intended to provide a general guide to the subject matter. It is therefore not a substitute for specialist advice.
For further information contact Paul Antrobus or Richard Fletcher, Arthur Andersen Prague, tel +42 2 2440 1300 or enter a text search 'Arthur Andersen' and 'Business Monitor'.